Investment adviser · CRD 150900

FIRST EAGLE ALTERNATIVE CREDIT, LLC

Investment adviser filing (IA)

BOSTON, MA, United States · Form ADV filed Jun 30, 2026

Regulatory AUM: $12.6B
Client accounts: 81
Employees: 79
Advisory professionals: 42

Who they report serving

Form ADV · Item 5.D

Client types and their share of reported regulatory assets.

Client type	Clients	Regulatory assets	Share of AUM
Pooled investment vehicles	70	$10,350,526,512	82.4%
Investment companies	1	$781,391,338	6.2%
Other investment advisers	Fewer than 5	$715,380,194	5.7%
Business development companies	1	$651,820,000	5.2%
Insurance companies	Fewer than 5	$45,015,756	0.4%
Sovereign wealth & foreign institutions	Fewer than 5	$15,178,270	0.1%
Government entities	Fewer than 5	$3,064,290	0.0%

Filing source

Form ADV 2116692 · Jun 30, 2026 · Item 5.D

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

Private funds & service providers

50+ Private funds

The count excludes feeder funds. Funds in the latest filing appear first, ordered by reported gross assets. Earlier funds retain their last reported values.

Browse the first 49 funds across 7 pages.

FIRST EAGLE DIRECT LENDING V-B, LLCHedge Fund · Last reported Jun 30, 2026$338MGross asset value

Form D fundraising filings

First Eagle Direct Lending V-B, LLC

Feeder funds

FIRST EAGLE DIRECT LENDING V-B (BLOCKED), LP

Fund administrator U.S. BANK NATIONAL ASSOCIATION BOSTON, Massachusetts, United States Investor statements: Yes (provided to all investors) Related to adviser: No

Auditor PRICEWATERHOUSECOOPERS LLP BOSTON, Massachusetts, United States

Custodian U.S. BANK NATIONAL ASSOCIATION BOSTON, Massachusetts, United States Related to adviser: No

Marketer FEF DISTRIBUTORS, LLC NEW YORK, New York, United States Related to adviser: Yes

Provider details

Annual audit: Yes
Prime brokers: No
Custodians: Yes
Administrator other than the adviser: Yes
External marketing: Yes

PRICEWATERHOUSECOOPERS LLP
PCAOB 238

U.S. BANK NATIONAL ASSOCIATION
LEI 6BYL5QZYBDK8S7L73M02

FEF DISTRIBUTORS, LLC
CRD 46585 · SEC 8-51483

Fund details & source

Fund ID: 805-3441090515
Reported beneficial owners: 15
Minimum commitment: $5M
Form D file number: 021-394268

Form ADV 2116692 · Jun 30, 2026 · Schedule D 7.B.(1)

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

WIND RIVER 2016-1K CLO LTD.Securitized Asset Fund · Last reported Jun 30, 2026$325MGross asset value

Fund administrator COMPUTERSHARE TRUST COMPANY N.A. COLUMBIA, Maryland, United States Investor statements: Yes (provided to all investors) Related to adviser: No

Custodian WELLS FARGO BANK, N.A. AS TRUSTEE BY COMPUTERSHARE TRUST COMPANY N.A. AS ATTORNEY IN FACT COLUMBIA, Maryland, United States Related to adviser: No

Marketer SCOTIA BANK NEW YORK, New York, United States Related to adviser: No

Provider details

Annual audit: No
Prime brokers: No
Custodians: Yes
Administrator other than the adviser: Yes
External marketing: Yes

WELLS FARGO BANK, N.A. AS TRUSTEE BY COMPUTERSHARE TRUST COMPANY N.A. AS ATTORNEY IN FACT
LEI 2549001YYB62BVMSAO13

Fund details & source

Fund ID: 805-1594216757
Reported beneficial owners: 1
Minimum commitment: $250K

Form ADV 2116692 · Jun 30, 2026 · Schedule D 7.B.(1)

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

LAKE SHORE MM CLO I, LTD.Securitized Asset Fund · Last reported Jun 30, 2026$313MGross asset value

Fund administrator COMPUTERSHARE TRUST COMPANY N.A. COLUMBIA, Maryland, United States Investor statements: Yes (provided to all investors) Related to adviser: No

Custodian WELLS FARGO BANK COLUMBIA, Maryland, United States Related to adviser: No

Provider details

Annual audit: No
Prime brokers: No
Custodians: Yes
Administrator other than the adviser: Yes
External marketing: No

WELLS FARGO BANK
LEI 2549001YYB62BVMSAO13

Fund details & source

Fund ID: 805-5901690580
Reported beneficial owners: 1
Minimum commitment: $250K

Form ADV 2116692 · Jun 30, 2026 · Schedule D 7.B.(1)

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

WIND RIVER 2021-1 CLO LTD.Securitized Asset Fund · Last reported Jun 30, 2026$296MGross asset value

Fund administrator U.S. BANK NATIONAL ASSOCIATION CHICAGO, Illinois, United States Investor statements: Yes (provided to all investors) Related to adviser: No

Custodian U.S. BANK NATIONAL ASSOCIATION CHICAGO, Illinois, United States Related to adviser: No

Provider details

Annual audit: No
Prime brokers: No
Custodians: Yes
Administrator other than the adviser: Yes
External marketing: No

U.S. BANK NATIONAL ASSOCIATION
LEI 6BYL5QZYBDK8S7L73M02

Fund details & source

Fund ID: 805-8027638833
Reported beneficial owners: 1
Minimum commitment: $250K

Form ADV 2116692 · Jun 30, 2026 · Schedule D 7.B.(1)

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

WIND RIVER 2019-3 CLO LTD.Securitized Asset Fund · Last reported Jun 30, 2026$242MGross asset value

Fund administrator COMPUTERSHARE TRUST COMPANY N.A. COLUMBIA, Maryland, United States Investor statements: Yes (provided to all investors) Related to adviser: No

Custodian WELLS FARGO BANK, N.A. AS TRUSTEE BY COMPUTERSHARE TRUST COMPANY N.A. AS ATTORNEY IN FACT COLUMBIA, Maryland, United States Related to adviser: No

Provider details

Annual audit: No
Prime brokers: No
Custodians: Yes
Administrator other than the adviser: Yes
External marketing: No

WELLS FARGO BANK, N.A. AS TRUSTEE BY COMPUTERSHARE TRUST COMPANY N.A. AS ATTORNEY IN FACT
LEI 2549001YYB62BVMSAO13

Fund details & source

Fund ID: 805-9253709021
Reported beneficial owners: 1
Minimum commitment: $250K

Form ADV 2116692 · Jun 30, 2026 · Schedule D 7.B.(1)

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

FIRST EAGLE DIRECT LENDING FUND IV, LLCOther Private Fund · Last reported Jun 30, 2026$239MGross asset value

Feeder funds

Fund administrator U.S. BANK NATIONAL ASSOCIATION BOSTON, Massachusetts, United States Investor statements: Yes (provided to all investors) Related to adviser: No

Auditor PRICEWATERHOUSECOOPERS LLP BOSTON, Massachusetts, United States

Custodian U.S. BANK NATIONAL ASSOCIATION BOSTON, Massachusetts, United States Related to adviser: No

Marketer WALSH ADVISORS, LLC NEW YORK, New York, United States Related to adviser: No

Provider details

Annual audit: Yes
Prime brokers: No
Custodians: Yes
Administrator other than the adviser: Yes
External marketing: Yes

PRICEWATERHOUSECOOPERS LLP
PCAOB 238

U.S. BANK NATIONAL ASSOCIATION
LEI 6BYL5QZYBDK8S7L73M02

Fund details & source

Fund ID: 805-7563228501
Reported beneficial owners: 24
Minimum commitment: $5M
Form D file number: 021-318077

Form ADV 2116692 · Jun 30, 2026 · Schedule D 7.B.(1)

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

FIRST EAGLE BSL CLO 2019-1 LTD.Securitized Asset Fund · Last reported Jun 30, 2026$221MGross asset value

Fund administrator U.S. BANK NATIONAL ASSOCIATION BOSTON, Massachusetts, United States Investor statements: Yes (provided to all investors) Related to adviser: No

Custodian U.S. BANK NATIONAL ASSOCIATION BOSTON, Massachusetts, United States Related to adviser: No

Provider details

Annual audit: No
Prime brokers: No
Custodians: Yes
Administrator other than the adviser: Yes
External marketing: No

U.S. BANK NATIONAL ASSOCIATION
LEI 6BYL5QZYBDK8S7L73M02

Fund details & source

Fund ID: 805-7878395252
Reported beneficial owners: 1
Minimum commitment: $250K

Form ADV 2116692 · Jun 30, 2026 · Schedule D 7.B.(1)

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

Services & filing details

Most recent filing: Jun 30, 2026. View historical filings

Reported services

Investment company portfolio management · Pooled investment vehicle management · Business portfolio management

Compensation

Percentage of assets · Performance-based

Principal office

500 BOYLSTON STREET, SUITE 1250
BOSTON, MA, 02116, United States

CRD 150900

Filing source

Form ADV 2116692 · Jun 30, 2026 · Items 1 & 5

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.